Weekend Edition: Mookhey’s Balancing Act in Australia’s Most Unaffordable State

NAB Morning Call

Friday 7th June 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

On 18th June Daniel Mookhey, the NSW Treasurer, presents his second budget to the state parliament. This week he talks to Phil about the challenges he faces, starting with house prices. They continue to rise, despite repeated efforts by governments over the years to bring them under control. How much of it is down to supply and what can the government do to increase it?

Infrastructure building is part of the solution, says Mookhey. But that costs money and, if the NSW government increases spending couldn’t it add to the inflation problem? Is that something he worries about?

In this half hour discussion Phil talks to the Treasurer about how he balances government spending against the drive to build the foundations for future growth, whilst facing the challenges of a less egalitarian society and a hefty state debt.

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